JP Morgan Maintains Overweight on BorgWarner, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman has maintained an Overweight rating on BorgWarner (NYSE:BWA) but reduced the price target from $59 to $52.
January 25, 2024 | 11:28 am
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JP Morgan analyst Ryan Brinkman maintains an Overweight rating on BorgWarner but lowers the price target from $59 to $52.
The reduction in price target by JP Morgan, despite maintaining an Overweight rating, could lead to a negative perception among investors, potentially causing a short-term dip in BorgWarner's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100